What is Crowdfunding?
Crowdfunding is a method of raising capital or funding a project by soliciting small contributions to a large number of people, typically via the internet or social media. The idea behind crowdfunding is to bring together a community of individuals who share a common interest in supporting a particular project or cause and are willing to contribute financially to help make it a reality.
There are different types of crowdfunding but the most popular way is donation-based.In donation-based crowdfunding, individuals donate money to a cause or project without expecting anything in return but rather for a main goal or purpose to be fulfilled!
Crowdfunding has become increasingly popular in recent years, particularly for creative & innovative projects much like Inchy the bookworm vending machine! It has also become an efficient way for individuals to support projects that they believe in, without the need for traditional financial institutions or investment channels.
Teachers have found great success with using DonorChoose.org in order to fully
fund their machine. Follow the steps below if this option is the best for you.
Step by Step:
- Get a formal quote created.
- Create a special project request on DonorsChoose.org.
Here’s a link going into more detail:
- Wait for funding once your project is posted. Once it’s funded just let me know
Additional help: https://www.donorschoose.org/teachers